The fuel cell industry, which is presently at a budding stage, presents huge potential for growth in the coming years. Its efficiency has created demand for related technologies in various application areas including military, electronic devices, transportation, traffic signaling, security and remote monitoring, etc. Declining fuel cell prices and advanced R&D activities are further propelling the growth of the fuel cell market, making it affordable to embrace the market’s revolutionary technology. It is anticipated that the market will grow at a CAGR of 20% during 2015-2020.
The research study, “Fuel Cell Market Outlook 2020”, analyzes the market dynamics of key segments to draw attention to areas offering immense possibilities for companies to boost their growth. The report studies the market at three levels viz. by region (North America, Europe, Asia and ROW), by type (PEMFC, DMFC, SOFC, PAFC, MCFC and AFC) and by application (Transportation, Stationary and Portable). Our research depicts the state of fuel cell market in each of these segments in both volume (in shipments and MW) and value terms during 2012-2020.
As per our study, the fuel cell market has been showing significant growth in developed economies. To provide further comprehensive information, an in-depth country level analysis of the major fuel cell markets viz. Japan, US, South Korea, Germany, UK, etc., has been incorporated into the report. The section covers current market scenarios, government initiatives & funding and major industry developments in each country. Also, with due consideration to current market dynamics, the report covers the fuel cell shipments in key countries with forecast till 2020.
We have prepared a detailed section on patent review and trends which are driving the sector that can aid readers in designing their business strategies and to provide them with key insights into the market’s competition structure. An unbiased outlook of the global fuel cell market to clients follows from the report’s inclusion of the profiles of key industry players with their key financials and recent developments. The report provides information for readers looking to venture into this industry, and facilitates them to formulate strategies while going for an investment/partnership in the global fuel cell market.